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SPX Technologies Expands HVAC Footprint with $430 Million Neptronic Buy

Montreal-based manufacturer Neptronic has been acquired by SPX Technologies in a cash deal valued at $430 million. The move brings a specialized suite of precision thermal management products—including electric duct heaters, humidifiers, and intelligent control systems—directly into the SPX HVAC division to bolster its global market position.

SPX Technologies Expands HVAC Footprint with $430 Million Neptronic Buy

The integration of Neptronic into the broader SPX platform promises to leverage existing sales channels to distribute these highly engineered components. Executives at SPX highlighted that the portfolio additions, particularly the actuators and actuated valves, align with current market fundamentals and fill specific gaps in their existing thermal management offerings.

Investors can expect further clarity on the financial impact of this transaction soon. SPX intends to release updated guidance for the fiscal year on July 30, coinciding with the company’s second-quarter earnings report.

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